Meritage Portfolio Management Sells 311 Shares of iShares Russell 1000 Value ETF (NYSEARCA:IWD)

Meritage Portfolio Management reduced its stake in iShares Russell 1000 Value ETF (NYSEARCA:IWD) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,111 shares of the exchange traded fund’s stock after selling 311 shares during the quarter. Meritage Portfolio Management’s holdings in iShares Russell 1000 Value ETF were worth $5,146,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of IWD. Triad Wealth Partners LLC purchased a new stake in iShares Russell 1000 Value ETF in the 2nd quarter worth $25,000. Opal Wealth Advisors LLC bought a new stake in iShares Russell 1000 Value ETF during the 2nd quarter valued at approximately $28,000. Eagle Bay Advisors LLC purchased a new position in iShares Russell 1000 Value ETF in the 3rd quarter worth approximately $32,000. Nemes Rush Group LLC boosted its stake in iShares Russell 1000 Value ETF by 382.1% in the 2nd quarter. Nemes Rush Group LLC now owns 188 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 149 shares during the period. Finally, Family Firm Inc. bought a new position in iShares Russell 1000 Value ETF in the 2nd quarter worth approximately $37,000.

iShares Russell 1000 Value ETF Stock Performance

Shares of IWD traded up $1.01 during midday trading on Friday, hitting $195.35. 1,729,511 shares of the company traded hands, compared to its average volume of 1,733,132. The stock has a market cap of $61.19 billion, a price-to-earnings ratio of 17.81 and a beta of 0.77. The firm has a 50 day moving average of $189.06 and a 200-day moving average of $181.49. iShares Russell 1000 Value ETF has a 52 week low of $148.63 and a 52 week high of $195.85.

iShares Russell 1000 Value ETF Profile

iShares Russell 1000 Value ETF (the Fund), formerly iShares Russell 1000 Value Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the large capitalization value sector of the U.S. equity market, as represented by the Russell 1000 Value Index (the Index).